Despite falling valuations in the real estate sector and in capital markets, bargain hunters are yet to show up in the Middle East. Global economic indicators are heading down again and intelligent investors are looking to fortify their positions.
The G8 said in its final communiqué after the two-day summit in the G8 summit in Deauville, western France, that “the global recovery is gaining strength and is becoming more self-sustained.” On the other hand, economists, such as Nouriel Roubini, nicknamed Dr. Doom, said on the same day end of May, stock markets were “at the tipping point” of a correction as global economic growth starts to slow………………………………………..Full Article: Source